New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-04-27
CLOSING PRICES OF PHILADELPHIA STOCKS
TUESDAY. April 26-P. n.


To-days stock markets depressed from the open
ing TO the end and the depression general and not
speca Europe was the principal factor in giving drift
to tho market The London Exchange and all the CONT
mental Bourscs or less disturbed ty the
Prussan- French. Schnaebeles affair. and London ap
peared in our market early seller OF stocks This
alone sufficient to dampen any bull ardor there
may have existed But Of this fact advantage was taken
by tho markets open enemies and It's treachcroas friends
add to the depression by free offerings and sales OF
stocks Aside the sales Tor European account proba
bly, large proportion OF the days sales were short
stocks New-York and New England stock contributed
its full proportion of influence toward the general de-
PRESTON and early declined from 5ss. last evenings
price, 56 In this stock probably some "stop orders
on long stock reached and liquidation forced
The later sold up $685. but 1t was sent to 57is
at the close At the meeting OF the companys directors
to-day only change wasmade in the directory The new
member OF the board TO be particularly eligible to
n direc,orship because his Stock Exchange firm this
morning was borrower OF some 5000 shares OF tho
stock. Reading severely pressed for sale and the
speculative interest in NewYork and New-England was
spicuous In the worx Of depression The stock de-
cned from 45ie 4f Erie also was special point OF
attack and with sales OF 25, 800 shares its price was
marked g per cent lower to 1884, Union Pacific and
Western Union lost more than yesterdays gain and
stocks did generally closed at The lowest figures OF the
day. Richmond aai West Point went off ia per cent TO
of depression Hooking Coal and Iron which opened
I'D 2, per cent at Ash, 404 and closed at 1875
The Interstate Commerce act furnished the burden OF the
days gossip the situation to greater extent than IL
has at any tipe before, and it made TO do such
duty could to add to the general gloomy forcbodngs
Late there much talk OF London coming very much
lower tomorrow all Americans and this added to the
feeling OF uncertainty AMI contributed towari making
still lower closing prices Thus far have reflected the
feelings OF the after business hours Tie days
operations created large short interest not only IN
spots but scattered among the average traders. The
Board-room whole, has gone home confident OF
rcaping profits in lower figures. Perhaps II may. Bat
the general situation ia uncnangeL The country is
prosperous The railway earnings are unprecelcntedy
large an despite tic views there 10
EXPECT they will not continue for indefinite perioJ
Below 8 print the earnings OF the Erie Company for
the month OF March anl fos the six months endci
81. The gain in net earnings for thu six months
on the prece ling year Sils306 In tho ended
September 80. 1896. there Surplus over frat
charges Of $4,000 The interest charges for tue cnrreat
year must he smaller than for last year Hence all in
crease in the net earnings is an addition to the
Surplus. and therefore in the expired six months
n years dividends on the preferred stock has
been nearly earned For the month Of March the gain III
net earnings s255 the month OF 1855, and for
the six months Is Sllj0O00 the six months ended
March 81 1855. AMI yet to-day some 5000 or 10000
shares of short Erie stock forced for sale Lon
don will como lower tomorrow morning. OF course 1t
WILL it closed on basis OF 1880 o'clock prices
and it will open the basis OF lower 3Ocock prices
1.-THE Interstate Commerce law IL an uncertain factor III
the railway problem AMI in the stock speculation Aud
yet never before in the history OF the country was rail
road building active and projects for new
branches and extension OF lines now The
acts OF railway officials of large experience belle the
words Of new who lately have been taken into
corporations simply because OF abilities developed
in stock speculaons. The market closed weak
Government bonds were quiet and .sy with the bids
for the LOS of Is per cent Annexed are the closing
quotations: